The cryptocurrency exchange Binance has announced the launch of Binance Institutional. The trading platform will focus on institutions, family offices, high-net-worth individuals, miners, asset managers and hedge funds.
#Binance is launching #BinanceInstitutional, a new flagship platform for VIP and institutional users, in an effort to upgrade its institutional offerings and services.
Learn more ➡️ https://t.co/rFxjBnaP1b pic.twitter.com/SNV1QY1JpO
— Binance VIP and Institutional (@BinanceVIP) June 23, 2022
The Binance Institutional product line includes:
- margin trading;
- use of OTC platforms;
- algorithmic execution;
- asset-management services;
- staking, savings accounts, yield farming, auto-investing;
- rebate system;
- sub-brokerage;
- account analytics and reporting.
Binance emphasised strict compliance with regulatory requirements in each jurisdiction where the platform operates.
The company plans to obtain SOC 2 and ISO-27001 certifications — a set of standards that build trust, security, compliance and audit.
As noted, in June 2022 the Binance CEO Changpeng Zhao stated that the crypto winter is a suitable time to hire new staff and further develop the business.
In April, Binance’s U.S. unit, in a seed round raised $200 million at a valuation of $4.5 billion. It was reported recently that the firm intends to raise an additional $50 million.
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